Amazon could face probe over treatment of UK grocery suppliers, watchdog says
Britain’s grocery regulator has warned Amazon of a possible formal investigation if it does not improve compliance with the Groceries…
Day: July 11, 2024
AI frenzy takes Taiwan’s TSMC to record peak, puts it in trillion dollar club
TSMC reached a record high in its second-quarter revenue, driven by strong demand for AI applications. The world’s largest contract…
Exclusive: In lithium industry first, IBAT commercializes new extraction technology
International Battery Metals (IBAT) has achieved a significant milestone in the clean-energy transition by becoming the first company to commercially…
Housing crisis in Spain’s cities drives rise in homelessness as tourism booms
Francisco Carrillo, a 62-year-old pensioner, finally found relief as he moved into a charity-provided apartment in Madrid after three years…
Nigeria’s regional trade declines, ranks 4th behind SA, Cote d’Ivoire, Egypt
Three years into the African Continental Free Trade Area (AfCFTA) agreement, Nigeria has experienced a decline in its intra-African trade.…
NERC Reels Out New Sanctions For DisCos
The Nigerian Electricity Regulatory Commission (NERC) announced new sanctions for Distribution Companies (DisCos) failing to meet specific contractual obligations with…
Global Regulators Tighten Rules On Banks Outsourcing Services
The Basel Committee of banking regulators has proposed that bank board directors take ultimate responsibility for managing the risks associated…
Food Security: FEC Approves Procurement Of 2000 Tractors, 1200 Trailers
The Federal Executive Council (FEC) has approved the procurement of 2,000 tractors, 4,000 disc ploughs, 1,200 tractor trailers, and other…
Naira tumbles above the N2,000 mark against British pound
The Nigerian naira faced downward pressure as it started Thursday’s session with a weakening trend against the British pound sterling,…
Cost of living crisis: Nigeria ranked 5th hardest hit African country
Nigeria has been identified as the fifth hardest-hit African country by the global cost-of-living crisis, according to a mid-2024 index…
TD Africa Recognized at Huawei Event for Exceptional Service and Distribution Excellence
TD Africa was celebrated at Huawei’s recent event themed ‘Accelerate Industrial Intelligence’ for its exemplary contributions to Huawei’s success in…
Keystone Wins Retail Bank of the Year 2024 Award
Keystone Bank Limited has been recognized as the ‘Retail Bank of the Year’ at the Africa Industrial and Development Conference…
FG, USAID sign N115bn MoU to support power sector reforms
The United States Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum of understanding…
UK economy improved in May – Report
Britain’s economic output grew by 0.4 percent in May, surpassing analysts’ expectations of 0.2 percent and rebounding from flat GDP…
Nigerian Equity Market Declines for Third Day, Investors Lose N2.18bn
The Nigerian equity market extended its losing streak for the third consecutive day this week, with investors losing N2.18 billion…